Resilience, Innovation, and Future-Ready Strategies Take Centre Stage at Gateway Gulf 2024

Government ministers and business leaders from the world’s most influential economies gather in Manama, Bahrain for the opening of the second edition of the investment forum, spotlighting strategies for adapting to a fast-evolving economic landscape.

Resilience, innovation, and future-ready strategies took centre stage today at Gateway Gulf 2024, as 250 distinguished attendees, including government ministers and business leaders from around the world, convened for the first day of the investment forum. Hosted in Manama, Kingdom of Bahrain, on November 3 and 4, 2024, by the Bahrain Economic Development Board (Bahrain EDB), the forum brings together regional and global leaders to explore strategies for future-proofing industries and economies while highlighting some of the Gulf Cooperation Council’s (GCC) most exciting high-growth opportunities.

Held under the theme of “Investing for Resilience in a Fast-Changing Global Reality,” day one saw opening remarks delivered by H.E. Shaikh Salman bin Khalifa Al Khalifa, the Minister of Finance and National Economy for the Kingdom of Bahrain. This was followed by high-level discussions focused on addressing challenges in today’s economy, such as inflation and geopolitical tensions, alongside opportunities in digital transformation and the energy transition. Emphasizing the importance of long-term resilience and sustainable growth, the day’s agenda addressed pressing topics such as investing for resilience, adapting to a shifting global trade landscape, readying the workforce for a future economy, and decarbonising industry.

Key sessions included the opening panel discussion “Investing for Resilience in a Fast-Changing Global Reality.” Attended by H.E. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, Kingdom of Bahrain, alongside H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Investment, Kingdom of Saudi Arabia, and Lord Gerry Grimstone, Former UK Minister for Investment at the Departments for International Trade and Business Energy and Industrial Strategy, the opening session underscored the necessity for growing regional integration, as well as technological innovation to leverage opportunities in the global economy, as well as mitigating current and future risks.

In line with the theme of navigating a rapidly shifting global economy, the panel discussion “Adapting to a Shifting Global Trade Landscape,” spotlighted strategies for nearshore manufacturing, particularly within high–growth, technology-dependent sectors, and examined implications for major trading hubs and global supply chains. Featuring H.E. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, Kingdom of Bahrain, alongside Henadi Al-Saleh, Chair of the Board of Agility, and Keith Svendsen, CEO of APM Terminals, the panellists stressed the need to modernize infrastructure and advance digitization efforts to minimize the bureaucracy related to global trade. The need to diversify trade routes and drive partnerships was also underscored as critical to overcoming potential disruption to global supply chains.

Additional highlights from day one of Gateway Gulf 2024 include the fireside chat “Towards a Future-Ready Workforce,” featuring H.E. Noor bint Ali AlKhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board. In the session, H.E. AlKhulaif highlighted the importance of public and private partnerships for its efforts, the criticality of investing in upskilling for a digitized economy, and the advantages of collaboration across the GCC to enable talent mobility.

Providing a critical platform for governments and industries to explore solutions and strategies for sustainable growth in an uncertain world, Gateway Gulf 2024 not only addresses immediate economic challenges but also uncovers long-term opportunities across Bahrain and the GCC. By fostering collaboration and highlighting the region’s unique advantages—from technological advancements to progressive economic policies—Gateway Gulf reinforces Bahrain’s position as a leading investment destination and underscores the GCC’s pivotal role in the global economy.

On the sidelines of Gateway Gulf Forum in Bahrain.. Edamah announces the planned opening of Hawar Resort by Mantis in December 2024

Edamah, the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), announced on the sidelines of Gateway Gulf Forum, organized by the Economic Development Board in Kingdom of Bahrain that Hawar Resort by Mantis, a pioneering tourism development on Bahrain’s Hawar Island, is scheduled to open to the public in early December 2024,  heralding a new era of luxury eco-tourism in the region.

Nestled on the west coast of Bahrain’s Hawar Island, Hawar Resort by Mantis is surrounded by a thriving wildlife sanctuary, posing to be one of the landmark environmentally-focused projects of its kind in the Middle East. The resort will feature 102 keys, including luxury overwater villas and beach villas; five dining concepts; and extensive sports and leisure facilities, such as the Adventure Park, Bear Grylls Survival Academy, which is a collaboration with UK television presenter and survival expert Bear Grylls.

His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat and Chairman of Edamah, said, “This project is of immense strategic importance to the Kingdom, reflecting our vision to promote sustainable tourism while showcasing Bahrain’s natural beauty and preserving it for future generations. The world-class offerings of Hawar Resort by Mantis will be a major addition to the Kingdom’s tourism landscape.”

Located 30 minutes from Bahrain’s main island, Hawar Island is an outstanding destination recognized by UNESCO for its natural history. Its pristine environment has been virtually undisturbed, resulting in a vibrant ecosystem that will appeal to nature lovers and adventure seekers.

Guests visiting the island will be treated to a diverse range of wildlife, such as sand gazelles, vibrant coral reefs, and endangered dugongs. Birdwatchers will be delighted by the various migratory birds, including Socotra cormorants. Additionally, guests can stay in overwater villas with direct access to the sea, enjoying exceptional service and the island’s stunning natural surroundings.

The development of the Hawar Resort by Mantis follows a sustainable and environmentally aware approach, respecting the unique environment of the island. Initiatives such as waste sorting, biodegradable waste reuse, and water and energy conservation technologies will minimize the project’s environmental impact. The property will also feature separate areas for relaxation and adventure.

Beyon Unveils its Visionary Digital City at Gateway Gulf Forum Beyon Signs Development Agreement with Edamah

Beyon BSC (Ticker: BEYON), unveiled plans for its ambitious 380,000 square meter Digital City project, located in Hamala, through a key signing ceremony with Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat).  The signing ceremony between the two entities took place during the opening day of the Gateway Gulf Investor Forum 2024 organized at the Four Seasons Hotel in Bahrain. Through the signing, Beyon named Edamah as the development manager for its signature project, for which construction is expected to begin in 2025.  Present at the signing ceremony were HE Sh. Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat and Chairman of Beyon and Edamah, as well as Andrew Kvalseth, CEO of Beyon, and Christopher Calvert, CEO of Edamah.

The Beyon Digital City project is anchored by the organization’s strategic intent to deliver digital transformation that tallies closely with Bahrain’s national digitalization drives.  The project is designed to seamlessly integrate the facets of connectivity, technology, and real estate establishing a new standard for mixed-use developments in Bahrain and meeting the requirements of advanced digital lifestyles as well as international standards and frameworks for smart cities.  Additionally, projects such as these have proven to be strategic enablers of both local and foreign direct investment and a means of economic stimulus, job creation and economic convergence across sectors.

Announcing the development, CEO Andrew Kvalseth said, “Beyon’s Digital City is more than just a project, it is a vision and benchmark for the future of urban living built upon the core tenets of Bahrain’s Vision 2030 that prioritize livability, sustainability, inclusivity and digitalization.  We ourselves hold these values at the core of our business in Beyon, and believe in supporting this vision, and Bahrain’s position as a symbol of a modern, connected nation.  We believe that this project will provide promising investment opportunities, especially for investors interested in sustainable growth and return on investment.”

Andrew Kvalseth further explained the main elements of the Digital City, “Beyon’s Digital City development, centers around three core pillars that mirror the organization’s brand principles and identity: People, Nature, and Technology.  Stemming from these are plans for the project’s prioritization of life and livability, fostering of green spaces, and embracing innovation and digital integration.”

Functionally, the dynamic mixed-use environment will include Beyon’s main headquarters, as well as R&D centers, healthcare facilities, fitness and recreation centers, and educational premises.  In addition, there will be contemporary office spaces, retail and dining areas, as well as hospitality and serviced apartments.  At the heart of the development lies a 1.2 km green, vehicle-free, boulevard that seamlessly unites these spaces, promoting a harmonious lifestyle.

The project’s backbone is its advanced telecommunications infrastructure, which will power IoT and AI systems, enabling real-time, data-driven urban management for optimal operational efficiency. Residents and visitors will benefit from enhanced user experiences through seamless digital services and the flexibility to integrate future smart technologies.

In line with Beyon’s commitment to sustainability, the Digital City aims for LEED certification for its buildings, utilizing renewable energy sources and implementing efficient resource management practices. Additionally, smart transportation solutions, including electric and autonomous vehicles and IoT-enabled traffic systems, will be integrated to optimize mobility and minimize environmental impact.

In bringing this vision to life, Beyon has partnered with Edamah who have been appointed to handle the project’s development management.  The decision is driven by Edamah’s ability to consistently, effectively and competently, deliver projects on time, in accordance with the highest international standards. Edamah CEO, Christopher Calvert, said, “We are excited to collaborate with Beyon on such a pioneering project. Our expertise in real estate development and construction will ensure that the Digital City is grounded in industry best practices while leveraging Beyon’s technological leadership to set new standards in smart, sustainable urban development.  This partnership allows for a seamless fusion of real estate and technology, ensuring the project not only meets but sets new standards in smart, sustainable urban development.”

The Digital City project represents a new benchmark for the GCC region, championing innovative, sustainable, and people-centric urban living that aligns with Bahrain’s national initiatives for digitalization and economic diversification.

As part of their participation in Gateway Gulf Tamkeen and AWS Launch program to Empower Bahraini Talent with Artificial Intelligence Skills

The Labour Fund (Tamkeen) is pleased to announce the launch of a national program in collaboration with Amazon Web Services (AWS) aimed at developing and upskilling Bahraini talent in Artificial Intelligence.

This came as part of their participation in the second edition of the Gateway Gulf Investment Forum hosted by the Kingdom of Bahrain. Under the theme of “Investing in a Rapidly Transforming Region”, the forum attracts international participation from top government officials, business leaders, and executives.

On this occasion, Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), emphasized Tamkeen’s commitment to enhancing programs and initiatives aimed at training and developing national talent in various fields, especially in the fields that utilize latest tech advancements, therefore enhancing their competitiveness in the labor. These efforts further emphasize Bahrain’s position as a global innovation hub.

The training program aims to equip Bahraini nationals to become professional AI generalists, AI specialists, and AI startup founders. In addition to knowledge exchange on AWS’s best practices in cloud computing, machine learning, and artificial intelligence.

Through this initiative, Tamkeen and AWS will provide the opportunity for Bahrainis to obtain three main qualifications related to generative artificial intelligence, implementing machine learning technologies in production and operations, and utilizing technology to address various business challenges. This partnership comes in alignment with Tamkeen’s 2024 strategic priorities focused on economic impact and the private sector under three pillars: increasing economic participation through new employment opportunities for new entrants, expanding career development opportunities available to Bahraini workforce, and further developing the private sector by supporting enterprises and boosting productivity and adoption of technology.    

As part of Gateway Gulf 2024 Tamkeen Partners with AI and Cloud Solutions Experts ARRAY to Develop Innovative Job Matching Tools Using AI

The Labour Fund (Tamkeen) announced a partnership agreement with ARRAY, a leading provider of Artificial Intelligence (AI), enterprise software engineering and cloud solutions, to utilize ARRAY’s innovative solutions to enhance its services to customers, especially enterprises.

This came as part of their participation in the second edition of the Gateway Gulf Investment Forum hosted by the Kingdom of Bahrain. Under the theme of “Investing in a Rapidly Transforming Region”, the forum attracts international participation from top government officials, business leaders, and executives.

As part of this partnership, ARRAY will design specialized digital solutions for Tamkeen to facilitate job matching through Artificial Intelligence. The digital solutions will enhance databases required for job matching, while also utilizing artificial intelligence to match skills with available job opportunities as per the labor market and private sector requirements. 

On this occasion, Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen) emphasized Tamkeen’s commitment to adopting the latest advancements in technology to facilitate its programs and services, making it a priority to automate internal and external operations, therefore enhancing the impact of the support through various programs.

Her Excellency highlighted that the digital solution that will be designed in partnership with ARRAY will be utilized for job matching purposes which aligns with Tamkeen’s ongoing efforts in diversifying opportunities available to national talent in the private sector in partnership with the Ministry of Labour. 

This partnership comes in alignment with the objectives of the National Labour Market Plan (2023-2026) and Tamkeen’s 2024 strategic priorities focused on economic impact and the private sector under three pillars: increasing economic participation through new employment opportunities for new entrants, expanding career development opportunities available to Bahraini workforce, and further developing the private sector by supporting enterprises and boosting productivity and adoption of technology.     

On the significance of this engagement, ARRAY Innovation Founder and CEO Alaa Saeed said, “We are extremely pleased to be working with and supporting Tamkeen in its core mission. The innovative AI job matching solution aligns with our commitment to making a positive impact in the Bahraini labor market. The solution also showcases the strength of our Quantitative Development Team, leveraging a number of Large Language Models and cloud computing to deliver an innovative and scalable product.”  

On the applicability of ARRAY Innovation’s solutions in Bahrain, Alaa Saeed also said “ARRAY Innovation is on a mission to develop cutting edge software solutions in Bahrain, and provides a wide range of capabilities ranging from application development, data analytics, artificial intelligence and machine learning that many organizations will benefit from.” It is worth mentioning that ARRAY is an AI and cloud native digital solutions firm that offers a wide range of solutions and services such as app development, data analytics, cloud computing, and artificial intelligence.

Ministers and Global Executives to Converge at the Second Edition of Gateway Gulf in Bahrain

Leading line-up of international experts to explore the topics most relevant to global markets including Investing for Resilience, AI’s transformative Power, and Future-Proofing the Workforce

Global industry leaders will converge in Bahrain for the highly anticipated second edition of the Gateway Gulf Investment Forum, scheduled to take place on November 3-4, 2024, at the Four Seasons Hotel Bahrain Bay. Hosted by the Bahrain Economic Development Board (Bahrain EDB) with the support of senior government officials across the Kingdom’s finance, investment and industry portfolio, the forum will tackle global challenges and trends under the banner of “Investing in a Rapidly Transforming Region”.

Gateway Gulf 2024 will welcome an intimate, high-level gathering of the top 250 ministerial and senior government officials, C-suite business professionals, and executive investors from key markets across America, Europe, Asia, the Gulf Cooperation Council (GCC) and beyond.

The Forum will host a series of panels, focus meetings, and one-on-one sessions including Investing for Resilience, AI’s transformative Power, and Future-Proofing the Workforce, where the high-level speakers from Bahrain include:

  • H.E. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance & National Economy  ​
  • H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board​
  • H.E. Fatima bint Jaffer Al Sairafi, Minister of Tourism​
  • H.E. Abdulla bin Adel Fakhro, Minister of Industry & Commerce​
  • H.E. Shaikh Ahmed bin Hamad Al Khalifa, President of Customs Affairs
  • H.E. Khalid Humaidan, Governor of Central Bank of Bahrain​
  • H.E. Khalid Al Rumaihi, Chairman of Aluminium Bahrain (Alba)​
  • H.E. Sheikh Salman bin Isa Al Khalifa, Chief Executive of Bahrain International Circuit (BIC)

The sessions will feature some of the world’s leading experts in their fields, where key regional and international speakers include:

  • Lord Gerry Grimstone, Former Minister for Investment at Department for International Trade and Department for Business Energy and Industrial Strategy, Member (Chairman Gemcorp Capital)
  • H.E. Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy, United Arab Emirates
  • H.E. Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World
  • Sir Jonathan Symonds, Chairman of the Board, GSK
  • H.E. Khalfan Belhoul, CEO Dubai Future Foundation
  • Ms. Safra Catz, CEO, Oracle
  • Ms. Henadi Al-Saleh, Chair of the Board, Agility
  • Mr. Mark Burns, CEO, Gulfstream
  • Mr. Edward Dolman, Executive Chairman & CEO, Phillips
  • Mr. Keith Svendsen, CEO, APM Terminals 
  • Mr. Jeremy Crane, CEO, Yellow Door Energy 

The GCC region is emerging as one of the world’s most dynamic economic success stories. The Gulf economies are projected to grow by 3.5% in 2024 to a combined total of about USD 2.1 trillion and are expected to reach USD 2.8 trillion by 2030, according to the International Monetary Fund. Key to this growth is an ambitious economic diversification agenda which is driving investment across a range of non-oil sectors.

Bahrain is one of the most diversified economies in the Gulf, with the non-oil sector contributing 84% to its GDP in 2023. As the Kingdom continues to prioritize investments in high-potential sectors such as financial services, ICT, manufacturing, logistics and tourism, it is also focusing on developing its human capital and furthering its digital transformation agenda. Bahrain’s forward-looking policies, strategic location, and business-friendly environment have made it one of the region’s most attractive destinations for international investors looking to expand into the wider GCC market. The Kingdom’s role in driving regional collaboration and co-investments will be highlighted at Gateway Gulf, with discussions on how these partnerships can further unlock sustainable economic growth.

Bahrain Set to Host Second Edition of Gateway Gulf in November

Unveiling the theme ‘Investing in a Rapidly Transforming Region’- the invitation-only forum is set to welcome ministerial and business leaders from across the most powerful economies in the world

Bahrain is gearing up to host the second edition of Gateway Gulf, which is scheduled for November 3 and November 4, 2024, at the Four Seasons Hotel, Bahrain Bay. Held under the timely and relevant theme of ‘Investing in a Rapidly Transforming Region,’ the second edition of the forum is set to welcome an intimate, high-level gathering of the top 250 ministerial and senior-government officials, C-level business professionals, and executive investors from leading markets across America, Europe, Asia, the Gulf Cooperation Council (GCC) and beyond.

Hosted by the Bahrain Economic Development Board (Bahrain EDB) with the support of senior government officials across the Kingdom’s finance, investment and industry portfolio, the invitation-only forum will serve as a platform that encourages open dialogue, sustained economic growth, knowledge progression, and international economic integration. Featuring forward-looking plenary sessions and audience-tailored workshops, as well as a highly personalised agenda complete with private meetings, project site visits, and cultural experiences, Gateway Gulf 2024 will push the boundaries of business-as-usual, facilitating mutually beneficial and tangible investment opportunities. Attendees can expect to discover awakening insightful deliberations on how global trends are playing out in the region, how best to tackle universal concerns, and untapped opportunities that lie ahead.

In addition to highlighting key investment opportunities across the island nation’s priority sectors, discussions at Gateway Gulf 2024 will revolve around the growing collaborative ties unifying the region, underscoring how co-investments can facilitate a more prosperous and sustainable future. In an era that is increasingly witnessing the defragmentation of supply chains, the forum will lay the groundwork for bridging a fractured world, shedding light on the achievements of the region in delivering action-oriented solutions for a brighter future.

Ushering in a new spirit of partnership, Gateway Gulf will host focused roundtables on the sidelines of the forum to ignite engaging and data-fueled discussions to address global challenges and maintaining prosperity across prime industry sectors. Moreover, the curated Majlis-inspired sessions will pair high-ranking ministers with C-suite experts from the private sector on the most pressing issues facing the region.

The GCC countries represent one of the greatest development success stories of the century. As the region continues to secure impressive strides towards ambitious economic diversification targets, numerous attractive investment opportunities emerge. With a view to revealing actionable insights and fostering collaboration, Gateway Gulf will feature a central exhibition space that will showcase large scale projects, where a flurry of greenfield milestone investments is expected to be announced during the highly anticipated forum. The Gulf economies are projected to grow by 3.5% in 2024 to a combined total of about USD 2.1 trillion and expected to reach USD 2.8 trillion by 2030, according to the International Monetary Fund. With the non-oil sector contribution to GDP standing at 84% in 2023, Bahrain has earned its position as the most diversified economy in the Gulf. To maintain its positive trajectory of economic growth, the future-ready island nation has prioritized investing in the development of high-value sectors, its diverse human capital, digital transformation initiatives, and key infrastructure projects.

Bahrain-based Cybersecurity Firm CTM360 Announces Expansion

Guided by an ambitious global growth strategy, “Cybersecurity from Bahrain to the World”, CTM360’s expansion will create 120 job opportunities in Bahrain over the next 3 years.

CTM360, a Bahrain-grown cybersecurity firm, is adding an additional 120 jobs over the next three years to boost the expansion of its services. Further solidifying CTM360’s commitment to innovation and proactive strategies in the cybersecurity landscape across emerging markets, this strategic move aligns with Bahrain’s transformation agenda, where both public and private sector organisations are required to achieve tangible outcomes.

In response to escalating global cybersecurity challenges, the investment encompasses increasing its workforce and enhancing its range of customised solutions developed in Bahrain, stemming from CTM360’s decision to maintain its global headquarters in the island nation. Currently self-funded and profitable, CTM360 was founded with the mission of offering cybersecurity “From Bahrain to the World.” The company’s growth strategy targets different regions globally, with plans to continuously innovate with the growing needs of the industry, and strengthen its operations in key areas such as back-end development, delivery, operations, and sales.

Bahrain is seeing a new era of growth in digital innovations and platform businesses, adding to a thriving ecosystem of homegrown and international firms spanning a wide range of AI and big tech specialities, including e-commerce, cybersecurity, and software development. In addition to benefitting from a young, tech-savvy population, and insight from a future-ready workforce that combines highly skilled, bi-lingual, driven Bahraini nationals alongside a diverse expat talent pool offering a global perspective, businesses operate from a high retention rate and government-subsidized wages for local talent.

Known for its progressive and agile government, Bahrain has introduced pivotal tech-friendly policies, laws and regulations. Bahrain has passed key legislation designed to keep the data of businesses safe, including personal data protection law in line with GDPR, a data jurisdiction law, which creates a “data embassy,” allowing data stored in Bahrain to fall under its home country’s legal jurisdiction.

Musab Abdullah, Executive Director of Business Development, Information and Communication Technologies (ICT) at Bahrain Economic Development Board said, “We are delighted with CTM360’s decision to expand their presence and services, which is a testament to Bahrain’s role as a prominent nearshore operations hub. As a result of Bahrain’s pool of highly skilled talent, as well as the robust supporting eco-system and infrastructure, the Kingdom continues to be a location of choice for technology companies.”

Mirza Asrar Baig, Chief Executive Officer of CTM360, said, “Our expansion marks a significant milestone for CTM360 as we continue to innovate and adapt to new challenges facing the global cybersecurity landscape. By leveraging local expertise and maintaining a steadfast commitment to global standards, we are paving the way for a more secure digital future. This investment not only underscores our dedication to sustaining cybersecurity infrastructure but also reflects our commitment to creating valuable job opportunities within Bahrain. We are grateful for all the support of Bahrain EDB and their invaluable assistance in our expansion journey.” Over the past year, CTM360 has achieved remarkable milestones, extending its reach where the company currently serves more than 500 local, regional, and international customers across 40+ countries. Catering to multiple sectors, including government entities, as well as conventional and Islamic financial institutions, the company’s cultivated understanding of local cybersecurity challenges enables it to tailor solutions to meet specific regional needs, all while upholding global standards. This approach has been recognised by prominent research firms like Gartner and Frost & Sullivan, positioning CTM360 as a trusted representative vendor across various categories.

Reboot Coding Institute and Raincode Partner to Establish Developer Hub in Bahrain

Reboot Coding Institute (Reboot01), a leading coding institute in Bahrain, and Raincode (raincode.tech), a Scandinavian software solutions provider, announced a strategic partnership today at the Bahrain Pavilion, powered by Tamkeen, on the sidelines of GITEX Global in Dubai. This collaboration signifies a major step forward in reinforcing Bahrain’s position as a growing hub for tech innovation in the MENA region, with Reboot01 playing a pivotal role in attracting Foreign Direct Investment (FDI) to the Kingdom through international partnerships.

As part of this venture, Raincode will establish its developer hub in Bahrain to foster seamless interaction and collaboration between the two tech companies. The Swedish office of Raincode will focus on sales and marketing, further strengthening this collaboration.

This agreement follows the success of a five-month pilot program, during which Reboot01 talents worked closely with one of Raincode’s Scandinavian clients. A key component of this partnership is the introduction of an internship-to-employment program specifically designed for Reboot graduates. Through the Raincode Talent Hub, students will have the opportunity to work Part-Time on real-world projects for Scandinavian firms, starting with an internship stipend of BD400 per month. Successful candidates will transition into full-time roles upon graduation, with Raincode aiming to hire 80 developers from Reboot Coding Institute by the end of 2025 and 250 developers by the end of 2028. Graduates from the Reboot01 program, including fresh university graduates, can expect starting salaries exceeding BD1,000 if they join Raincode.

“We are thrilled to announce this strategic partnership with Raincode, which will cultivate a strong pool of Bahraini tech talent while integrating their skills with the dynamic Scandinavian work culture to meet the growing demands of the market,” said Yanal Jallad, Managing Director of Reboot Coding Institute. “By joining forces with Raincode, we are leveraging our strengths to provide unmatched opportunities for our talents and foster innovation in the tech sector. Our comprehensive two-year program consistently produces high-quality, mid-senior level coders who surpass industry benchmarks. This collaboration not only offers international exposure but also enhances Bahrain’s tech ecosystem by attracting leading global firms, ultimately contributing to the Kingdom’s broader economic development.”

Connor de Freene, Managing Director of Raincode Bahrain commented, “We’re delighted to partner with the Reboot Coding Institute. Their exceptional talent was a significant factor in our decision to establish Bahrain as our developer hub. Having worked closely with their graduates for months, we’ve been consistently impressed by their skills and dedication. We’re excited to collaborate with Bahrain’s top tech talent and tap into the Kingdom’s growing potential as a thriving tech destination for our Nordic client base.”

Musab Abdullah, Executive Director of Business Development for the ICT sector at Bahrain EDB, stated: “Bahrain EDB is thrilled to see this partnership between Reboot Coding Institute and Raincode.”

“This collaboration perfectly exemplifies Bahrain’s advantages to tech companies with a focus on fostering a skilled and tech-savvy talent pool. As demonstrated by Reboot01’s impressive results, it creates an ideal environment for innovation and growth. We are confident that Raincode’s decision to establish their developer hub in Bahrain will be mutually beneficial, attracting further investment and propelling the Kingdom’s position as a leading tech hub in the MENA region.”

In line with the strategic partnership, Raincode assessed Reboot talents using Alva Labs, a renowned and advanced Scandinavian evaluation platform designed for companies to test candidates before hiring.  The assessment yielded exceptional results: Reboot students with less than a year of programming experience achieved a perfect score of 100% in logic and over 90% in coding skills, significantly exceeding the benchmark in Europe set for those with three years of experience. Moving forward, Reboot plans for all students to undergo the same testing to effectively benchmark and track their skill levels.

With a steadily growing student base of approximately 400 and partnerships with over 20 strategic and hiring partners, Reboot Coding Institute is set to revolutionize Bahrain’s tech landscape. Reboot01’s innovative two-year curriculum, supported by Tamkeen, integrates full-stack development with specialized fields, positioning Bahrain as a key producer of top-tier tech talent, ready to meet the demands of both regional and global markets.

Golden Licensed Citi Global Technology Hub Celebrates Three Years of Innovation in Bahrain

Citibank, N.A., Bahrain Branch (“Citi Bahrain”) recently celebrated the third anniversary of the establishment of its Global Technology Hub, which holds a Golden License from the Kingdom of Bahrain. A first for the region, the Hub currently provides support to Citi’s global business lines and clients, accelerating the development of its digital agenda, client solutions platforms and expertise, and was launched as part of a strategic partnership between Bahrain’s Labour Fund (Tamkeen) and Bahrain Economic Development Board (Bahrain EDB).

Citi selected the island nation as the destination of its Hub for several reasons, including the depth and diversity of Bahrain’s talent pool, which outperformed other regions across the board with the highest pass rate in specialized coding testing compared to other locations globally. Further backed by forward-looking regulatory frameworks, and a business-friendly investment environment, which is reinforced by agile government support that provides tailored incentives, programs and wage subsidies for the local workforce; this earned a pledge from Citi to allocate 1,000 coding jobs for Bahrainis over a ten-year period for the Bahrain Hub.

Ilham Kassi Oulhadj, Citi Bahrain Global Technology Hub Head and Global Head of Margin and XVA Technology, said, “At Citi, serving our clients and businesses across the globe, and helping them navigate the challenges and opportunities within our rapidly changing world is fundamental to our mission of enabling growth. Investing in digital technologies, platforms, and talent lies at the foundation of this mission, and the technology hub in Bahrain has enabled us to provide streamlined client experiences and demonstrated successes.”

Dalal Buhejji, Executive Director for Financial Services at Bahrain EDB, added, “Highlighting Bahrain’s commitment to digital transformation and cementing itself as a strategic hub for finance and tech innovation, the Global Citi Tech Hub exemplifies the trust leading international institutions place in Bahrain as a destination for investment and global services. Besides providing opportunities to accelerate learning and growth, the hub is creating career progression paths for the next generation of coders and is a glowing example of the diversity and expertise of Bahrain’s highly skilled talent pool.”  With an incredibly high employee retention rate in the private sector, females make up 41% of total Bahraini ICT workforce as per Labour Market Regulatory Authority’s Q1 2023 report. Bahrain has been ranked 1st in GCC in language skills, and 6th Globally on the 2024 World Talent Report published by The Institute for Management Development (IMD). With 38% of university student enrollments in STEM (Science, Technology, Engineering, and Mathematics) programs and the availability of multiple vocational training institutes for specialized technology, Bahrain has built an incredible educational foundation for its talent which continues to attract businesses from around the world to invest in Bahrain year after year.

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